Sell Dhaniya Nov @ 8100 SL 8200 TGT 8000-7900. NCDEX - Kedia Advisory
Jeera
SELL JEERA NOV @ 20300 SL 20600 TGT 20000-19800. NCDEX
Observations
Jeera trading range for the day is 19380-20700.
Jeera prices gained on level buying amid low arrivals.
GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
The farmers still have about 20 lakh bags of cumin.
In Unjha, a major spot market, the price ended at 18796.35 Rupees dropped by -0.68 percent.
Dhaniya
SELL DHANIYA NOV @ 8100 SL 8200 TGT 8000-7900. NCDEX
Observations
Dhaniya trading range for the day is 7924-8144.
Dhaniya prices gained due to shortage of good quality stocks.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7842.3 Rupees dropped by -1.57 percent.
Turmeric
BUY TURMERIC DEC @ 14400 SL 14200 TGT 14700-14900. NCDEX
Observations
Turmeric trading range for the day is 13668-15280.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
However downside seen limited as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
